Greenland Technologies Holding Corporation (GTEC)

GTEC Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	3.94	6.66	22.98	16.3	11.06	7.16
Short-Term Investments	29.1	18.54	2.82	7.8	2.11	-
Cash & Short-Term Investments	33.04	25.19	25.8	24.1	13.17	7.16
Cash Growth	33.84%	-2.34%	7.07%	82.98%	83.94%	237.14%
Accounts Receivable	38.02	38.53	43.62	43.09	53.47	43.21
Other Receivables	-	-	-	30.21	39.68	38.54
Receivables	39.1	38.77	43.84	73.3	93.15	81.75
Inventory	25.38	25.19	24.89	23.51	26.24	15.83
Prepaid Expenses	1.47	1.54	0.05	1.57	0.01	-
Restricted Cash	-	1.95	5.21	3.43	6.74	2.24
Other Current Assets	-	-	-	-	-	0.66
Total Current Assets	98.99	92.65	99.79	125.91	139.31	107.64
Property, Plant & Equipment	13.52	14.76	15.82	18.21	19.04	20.14
Long-Term Investments	6.91	4.13	9.92	0.25	-	-
Goodwill	-	-	-	-	0	0
Other Intangible Assets	3.32	3.36	3.64	3.79	4.04	4.04
Long-Term Deferred Tax Assets	0.44	0.43	0.26	0.22	0.14	0.16
Other Long-Term Assets	0.24	0.25	1.05	6.74	0.04	0
Total Assets	123.43	115.58	130.48	155.12	162.57	131.98
Accounts Payable	41.95	42.47	61.99	53.15	71.57	48.43
Accrued Expenses	1.43	3.15	1.98	1.46	1.15	1.69
Short-Term Debt	0.09	0.09	3.14	10.61	11.97	25.74
Current Portion of Leases	0.55	0.52	0.49	0.47	0.23	0.8
Current Income Taxes Payable	2.06	1.2	0.76	0.19	0.11	-
Current Unearned Revenue	-	-	-	-	-	1.78
Other Current Liabilities	5.09	10.1	4.18	0.32	0.44	0.37
Total Current Liabilities	51.18	57.54	72.52	66.21	85.46	78.81
Long-Term Leases	0.75	1.17	1.68	2.18	0.05	0.17
Long-Term Unearned Revenue	1.12	1.26	1.53	-	-	2.34
Other Long-Term Liabilities	0.52	2.34	4.08	7.3	2.21	-
Total Liabilities	53.57	62.31	79.82	75.68	87.72	81.32
Additional Paid-In Capital	34.42	27.47	30.29	30.29	23.76	13.71
Retained Earnings	42.96	36.44	22.38	38.26	37.51	31.25
Comprehensive Income & Other	-1.96	-3.71	-2.58	-2.83	1.01	-0.06
Total Common Equity	75.42	60.21	50.08	65.71	62.28	44.89
Minority Interest	-5.57	-6.94	0.57	13.72	12.56	5.77
Shareholders' Equity	69.85	53.27	50.65	79.43	74.84	50.66
Total Liabilities & Equity	123.43	115.58	130.48	155.12	162.57	131.98
Total Debt	1.4	1.78	5.31	13.26	12.25	26.7
Net Cash (Debt)	31.64	23.42	20.49	10.84	0.92	-19.55
Net Cash Growth	38.88%	14.27%	89.10%	1075.25%	-	-
Net Cash Per Share	2.08	1.72	1.55	0.91	0.09	-1.95
Filing Date Shares Outstanding	17.39	13.59	13.59	12.98	11.33	10.5
Total Common Shares Outstanding	17.39	13.59	13.59	12.98	11.33	10.23
Working Capital	47.81	35.11	27.27	59.7	53.84	28.84
Book Value Per Share	4.34	4.43	3.68	5.06	5.50	4.39
Tangible Book Value	72.1	56.85	46.44	61.93	58.25	40.85
Tangible Book Value Per Share	4.14	4.18	3.42	4.77	5.14	4.00
Buildings	11.4	11.13	11.44	11.78	12.75	12.45
Machinery	23.63	22.79	21.56	21.55	22.48	21.43
Construction In Progress	-	0.01	0.02	0.02	0.41	0.09

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q